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Brigham Minerals Files IPO, While BJ Services Pulls Offering
Shale Daily
Brigham Minerals Files IPO, While BJ Services Pulls Offering

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March 20, 2019

Markets

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Balances Seen Loosening as Natural Gas Futures Slip; Storm Threatens Snow for Northeast

Daily GPI
Recovering production volumes and weaker demand amid the transition to spring helped pressure natural gas futures lower Wednesday as the front month continued to bounce around a tight trading range.

Enterprise, CME Plan to Auction More U.S. Crude

Shale Daily
Enterprise Products Partners said Tuesday it is teaming up again with CME Group for an electronic auction that would offer domestic crude for export from its Houston Ship Channel terminal.

Natural Gas Futures Range-Bound as Prices Down Early, Despite Supportive Forecasts

Daily GPI
The range-bound natural gas front-month futures were trading lower early Wednesday even as the latest weather guidance carried over significant colder trends from previous model runs. The April Nymex contract was off 3.7 cents to $2.837/MMBtu at around 8:40 a.m. ET.

Cold Trends ‘Impressive’ as Natural Gas Futures Gain; West Texas Basis Weakens

Daily GPI

A shift colder in forecasts Tuesday helped natural gas futures bulls build on Monday’s rally, although with the start of injections, imminent upward momentum appeared limited as the market awaited a better reading on balances. In the spot market, West Texas posted another round of heavy losses as the region continues to struggle with pipeline constraints; the NGI Spot Gas National Avg. fell 1.5 cents to $2.610/MMBtu.

‘Huge’ Cold Change Overnight Boosts Natural Gas Futures Early

Daily GPI
A major overnight cold shift in the medium-range outlook had natural gas futures trading higher early Tuesday. At around 8:30 a.m. ET, the April Nymex futures contract was up 3.1 cents to $2.881/MMBtu, building on a 5.5 cent rally during the previous session.

Late March Outlook Leaning Cooler as Natural Gas Futures Bounce

Daily GPI
Some cooler forecast trends late in the month coincided with an early-week bounce for natural gas futures Monday, though with weather sentiment far from bullish, market observers were looking beyond temperature trends to explain the move.

More in Markets...

E&P

Mississippi Canyon Yields Most -- and Highest -- Bids in BOEM Lease Sale

Daily GPI
A cadre of 30 oil and gas producers submitted 257 total bids in Wednesday’s Gulf of Mexico (GOM) region-wide auction, with the Mississippi Canyon drawing the highest bid and a unit of Royal Dutch Shell plc far and away outbidding everybody.
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Brigham Minerals Files IPO, While BJ Services Pulls Offering

Shale Daily
Brigham Minerals Inc., a company with a long lineage of successful Lower 48 operators, is planning to...
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Pemex Stabilizes Declining Oil Output, CEO Says

Crude oil production by Mexican state oil company Petróleos Mexicanos (Pemex) has stabilized after years of steady decline and will begin to rise again this year, CEO Octavio Romero Oropeza said Monday.

EIA Expects 79 Bcf/d in April From Big Seven Unconventional Plays

Shale Daily
Natural gas production out of the seven most prolific U.S. onshore unconventional plays -- the Anadarko, Appalachian and Permian basins, and the Bakken, Eagle Ford, Haynesville and Niobrara formations -- is expected to reach 79.02 Bcf/d in April, compared to an estimated 78.14 Bcf/d this month, according to the U.S. Energy Information Administration (EIA).

North Dakota Natural Gas Production Starts Year with New Record

Shale Daily
In another sign that the Bakken Shale's best oil producing areas continue to be gassier than other shale plays, North Dakota officials saw natural gas production set an all-time record in January, averaging more than 2.7 Bcf/d for the month.
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Questerre Boosts Utica Prospects in Quebec, Despite Drilling Ban

Shale Daily
After trying unsuccessfully for 20 years to start natural gas production in French Canada, a small Calgary company refuses to take no for an answer from the Quebec government.

More in E&P...

© NGI's All News Access: ISSN 2577-9877

Infrastructure

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New Infrastructure Said Ready to Accelerate Mexico Gas Market Growth

The pending completion of several natural gas infrastructure projects in Mexico should help accelerate the local market’s development, according to Talanza Energy Consulting’s David Rosales, midstream and downstream partner.
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Venture Global Secures Another FERC OK for One Louisiana LNG Project

Daily GPI
The pieces of the puzzle are falling into place for one of two liquefied natural gas export facilities proposed by Venture Global LNG Inc. on the Louisiana coast after federal regulators on Tuesday approved full site preparation for the Calcasieu Pass project.
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FERC Issues EIS Schedule for MVP's Southgate Expansion

Daily GPI
FERC expects to issue a final environmental impact statement by the end of this year for the Mountain Valley Pipeline LLC Southgate Project...

Tetco’s Stratton Ridge Expansion to Feed Freeport LNG Project

Daily GPI
Federal regulators on Monday approved the start-up of Texas Eastern Transmission’s (Tetco) portion of the Stratton Ridge Expansion project, which is designed to provide natural gas to the Freeport LNG Development LP export project on the upper Texas coast.

Williams, Canada Pension Plan JV to Enhance Marcellus/Utica Position

Daily GPI
With an eye on optimizing its position in the Marcellus and Utica basins, Williams has purchased the remaining 38% stake in the Utica East Ohio (UEO) Midstream from Momentum Midstream and will take over as operator through a partnership with investment group Canada Pension Plan Investment Board (CPPIB).

Upgrading Raw Bitumen Would Open Space on Canadian Export Lines, NEB Says

Shale Daily
Oil shippers would open space in plugged Canadian export pipelines, currently running at 98% capcity, by improving the quality of their product, the National Energy Board (NEB) said.

More in Infrastructure...

Regulatory

Federal Court Stays PennEast Construction Pending Appeal

Daily GPI
The U.S. Court of Appeals for the Third Circuit this week stayed construction of the PennEast Pipeline pending the outcome of an appeal filed by New Jersey challenging the project’s ability to exercise eminent domain for preserved state land.
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Alberta Raises Oil Production Quota

Shale Daily
Alberta’s oil production quota will increase by 25,000 b/d in May and another 25,000 b/d in June, the provincial government announced.
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Judge Orders Wyoming Drilling Halted on Climate Change Issues

Daily GPI
A federal judge ruled late Tuesday that the Interior Department's Bureau of Land Management did an inadequate job of considering...

In Another Win for Pennsylvania AG, Royalties Lawsuit Advances

Shale Daily
A Pennsylvania appellate court handed the state attorney general’s (AG) office a victory last week, finding that it may move ahead with a wide-ranging lawsuit against Chesapeake Energy Corp. and Anadarko Petroleum Corp. for deceptive business practices.

New Mexico Governor Expected to Sign Produced Water Bill

Daily GPI
New Mexico Gov. Michelle Lujan Grisham is expected to sign bipartisan legislation to reform regulations covering produced water from oil and gas operations, including in the booming Permian Basin, after lawmakers in the state House and Senate agreed to several amendments.

Small Earthquake Rattles Oklahoma Near Edmund

Shale Daily
The U.S. Geological Survey (USGS) said an earthquake measuring 3.0-magnitude struck central Oklahoma last Saturday just north of Oklahoma City in the Midcontinent.

More in Regulatory...

3D"Sign

NGI's Bidweek Alert Day 5 - February 28th for March 2019
For more detailed information please download the Excel data file
FIXED RANGE BASIS RANGE
South Texas
Agua Dulce -- --
Florida Gas Zone 1 -- --
NGPL S. TX -- --
Tennessee Zone 0 South -- -0.1000 to -0.0950
Texas Eastern S. TX -- -0.0800 to -0.0700
Transco Zone 1 -- -0.0500 to -0.0500
East Texas
Carthage -- -0.1625 to -0.1350
Houston Ship Channel 2.720 to 2.780 --
Katy -- --
NGPL TexOk -- -0.1650 to -0.1325
Tennessee Zone 0 North -- --
Texas Eastern E. TX -- --
Transco Zone 2 -- --
West Texas/SE New Mexico
El Paso Permian 1.000 to 1.900 --
El Paso - Keystone Pool 1.020 to 1.270 --
El Paso - Plains Pool 1.750 to 1.900 --
El Paso - Waha Pool 1.000 to 1.180 --
Transwestern 1.000 to 1.250 --
Transwestern - Central 1.100 to 1.230 --
Transwestern - W. TX 1.000 to 1.250 --
Waha 1.000 to 1.220 --
Midwest
Alliance -- --
ANR ML7 -- --
Chicago Citygate 2.660 to 3.000 --
Chicago - Nicor Gas 2.675 to 3.000 --
Chicago - NIPSCO 2.665 to 2.850 --
Chicago - North Shore -- --
Chicago - Peoples 2.660 to 2.660 --
Consumers Energy -- 0.0300 to 0.0550
Dawn 2.955 to 3.085 0.0650 to 0.1750
Emerson 2.900 to 2.950 -0.0600 to 0.1500
Joliet -- --
Lebanon -- -0.0300 to -0.0300
Michigan Consolidated 2.720 to 2.800 -0.0300 to 0.0500
NGPL Amarillo Mainline -- --
Parkway/Union 3.075 to 3.160 0.1275 to 0.2450
REX Zone 3 Delivered -- -0.0800 to -0.0300
REX into ANR - Shelby -- -0.0550 to -0.0300
REX into MGT - Edgar -- --
REX into NGPL - Moultrie -- -0.0800 to -0.0300
REX into PEPL - Putnam -- -0.0500 to -0.0300
REX into Trunk - Douglas -- --
Midcontinent
ANR SW 2.315 to 2.650 -0.2500 to -0.2500
Enable East 2.580 to 2.650 -0.2400 to -0.2300
Enable West -- --
NGPL Midcontinent 2.540 to 2.575 -0.5900 to -0.5900
Northern Border Ventura 3.100 to 3.145 0.0100 to 0.0100
Northern Natural Demarc 2.585 to 2.990 -0.1000 to -0.1000
Northern Natural Ventura 2.660 to 2.920 0.0000 to 0.1000
OGT 1.930 to 2.075 -0.8000 to -0.7700
Panhandle Eastern 2.540 to 2.540 -0.4500 to -0.3350
Southern Star -- --
North Louisiana/Arkansas
Perryville -- --
Texas Eastern, M1, 24 -- --
Texas Gas Zone 1 -- -0.1300 to -0.1250
Trunkline Zone 1A -- -0.1350 to -0.1100
South Louisiana
ANR SE -- -0.1000 to -0.0900
Columbia Gulf Mainline 2.690 to 2.690 -0.1650 to -0.1375
Columbia Gulf onshore -- -0.0850 to -0.0850
Florida Gas Zone 2 -- --
Henry Hub -- 0.0000 to 0.0000
Southern Natural -- -0.0700 to -0.0525
Tennessee Line 500 -- -0.0700 to -0.0600
Tennessee Line 800 -- -0.0950 to -0.0900
Texas Eastern E. LA -- -0.1100 to -0.1075
Texas Eastern W. LA -- --
Texas Gas Zone SL -- --
Transco Zone 3 -- -0.0475 to -0.0350
Trunkline E. LA -- --
Trunkline W. LA -- --
Southeast
FGT Citygate -- --
Florida Gas Zone 3 -- -0.0350 to -0.0025
Texas Eastern M-1, 30 -- --
Transco Zone 4 -- -0.0600 to -0.0275
Transco Zone 5 -- 0.1350 to 0.2500
Transco Zone 5 North -- 0.1750 to 0.1750
Transco Zone 5 South -- 0.1350 to 0.2500
Appalachia
Columbia Gas -- -0.2300 to -0.1750
Dominion North -- -0.2200 to -0.1850
Dominion South -- -0.2450 to -0.2000
Leidy Hub -- --
Millennium East Pool -- -0.2650 to -0.1850
Tenn Zone 4 200L -- -0.1650 to -0.1350
Tennessee Zn 4 313 Pool -- --
Tennessee Zn 4 Marcellus -- -0.2800 to -0.2375
Texas Eastern M-2, 30 Delivery -- --
Texas Eastern M-2, 30 Receipt -- -0.3200 to -0.2300
Texas Eastern M-3, Delivery -- 0.0200 to 0.1800
Texas Eastern M-3, Receipt -- --
Transco-Leidy Line -- -0.2400 to -0.1850
Northeast
Algonquin Citygate -- 1.6000 to 1.7100
Algonquin Citygate (non-G) -- 1.6000 to 1.7100
Algonquin Receipts -- --
Iroquois Zone 2 -- 0.7500 to 0.9100
Iroquois, Waddington -- 0.3000 to 0.5000
Niagara -- 0.0500 to 0.0500
Tenn Zone 5 200L -- --
Tenn Zone 5 200L East -- --
Tenn Zone 5 200L West -- --
Tenn Zone 5 300L -- --
Tenn Zone 6 200L -- 1.6500 to 1.6500
Tenn Zone 6 200L North -- --
Tenn Zone 6 200L South -- 1.6500 to 1.6500
Tenn Zone 6 300L -- --
Transco Zone 6 non-NY -- 0.0200 to 0.1000
Transco Zone 6 non-NY North -- 0.0200 to 0.1000
Transco Zone 6 non-NY South -- --
Transco Zone 6 NY -- 0.1800 to 0.2800
Rocky Mountains
Cheyenne Hub 2.410 to 2.600 --
CIG 2.410 to 2.750 --
CIG DJ Basin -- --
El Paso Bondad -- --
El Paso San Juan 2.120 to 2.400 --
Kern River 4.450 to 4.450 --
Kingsgate -- --
Northwest S. of Green River 2.400 to 2.680 --
Northwest Sumas 6.200 to 15.000 --
Northwest Wyoming Pool 4.400 to 4.400 --
Opal 3.520 to 4.470 --
Questar -- --
Stanfield 3.900 to 4.500 --
Transwestern San Juan 2.300 to 2.300 --
White River Hub 2.360 to 2.700 --
Arizona/Nevada
El Paso S. Mainline/N. Baja 2.990 to 3.150 --
Kern Delivery 4.290 to 5.200 --
California
Malin 3.550 to 4.500 --
PG&E Citygate 3.820 to 4.990 --
SoCal Citygate 5.150 to 6.000 --
Southern Border, PG&E 2.200 to 2.520 --
Southern Border, SoCal 2.800 to 4.850 --
SoCal Border Avg. 2.800 to 4.850 --
SoCal Border - Blythe -- --
SoCal Border - Ehrenberg 2.800 to 2.900 --
SoCal Border - Kern River Station -- --
SoCal Border - Kramer 4.850 to 4.850 --
SoCal Border - Needles -- --
SoCal Border - Topock -- --
SoCal Border - Wheeler Ridge -- --
Canada
Alliance (APC) - ATP -- --
Empress 2.705 to 3.125 --
NOVA/AECO C 2.170 to 2.520 --
Westcoast Station 2 0.970 to 1.150 --
NOTE: Both the buy and the sell side of transactions are counted in this table, as they are in NGI’s daily, weekly and bidweek natural gas price tables, a standard practice which supports consistency and uniformity across products as explained in our price methodology.